One day Ollanta Humala, Peru’s president, is unnerving investors with a hankering for state-run enterprise, the next he is making it easier for miners to push through projects despite community opposition.
According to Reuters, Humala is on the verge of reneging on his key election pledge to give Andean indigenous communities the right to better consultation over mining projects near their homes. Continue reading »
Even during thunderstorms and floods, the Incas believed the ancient sun god, or Inti, was always shining. In today’s Peru bloody and protracted protests have stopped mining projects from going ahead – such as Newmont Mining’s $5bn Conga project.
They have also forced the country’s President, Ollanta Humala, to make cabinet changes. But the investment climate in Latin America’s fastest-growing economy seems to be, somehow, shining. Continue reading »
Mining has been the backbone of the recent growth of Bolivia and Peru. It also seems to be potential money spinner for their Andean neighbour, Ecuador. But despite certain ideological similarities, when it comes to mining, the approaches of their leaders seem to differ.
In Bolivia, after some protracted protests, the government of Evo Morales on Thursday signed a decree authorizing the seizure of a silver deposit operated by South American Silver, part of a Canadian mining group. Continue reading »